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4. (2.0) Consider a floater has a par value of $1000 and pays coupon quarterly. The reference rate is 3 month LIBOR, and its quoted

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4. (2.0) Consider a floater has a par value of $1000 and pays coupon quarterly. The reference rate is 3 month LIBOR, and its quoted margin is 300 basis points. If the 3 month LIBOR at the beginning of quarter is 2.5% of quarter t, calculate the coupon payment in quarter t. A 55 7.56

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